Morning Update – 25/01/2017 – by Arjun Lakhanpal
January 25, 2017Morning all..Wall St saw the S&P close at a record high rising 0.66% as Trump administration starts talking infra-structure spending..The Nikkei rallied on the back of this and the rise in USDJPY and closed up 1.4% but some concerns on the dollar as trump also is talking about the Wall in Mexico again. NYT sources: Pres Trump plans to sign executive order during visit to Dept Of Homeland Security directing funds be made available for construction of Mexican wall on southern border.. Japan Govt Spox: not considering talks with US to discuss automobile trade alone; Japan/US have agreement on autos as part of TPP, will explain agreement to Pres Trump “with patience”..AUD moved lower as inflation came in below expectations.. Australian Q4 CPI: +0.5% q/q vs +0.7% cons & +1.5% y/y vs +1.6% cons.. Copper was unchanged and oil marginally lower.. US yields remain elevated after the rally yesterday..This morning we get French Business conference Spanish PPI and German IFO data. Good luck
